Ports may cooperate in face of P3 Network

James Newsome, the president and chief executive officer of the South Carolina State Ports Authority, believes ports may respond to planned P3 Network of Maersk, MSC and CMA CGM by filing agreements with the Federal Maritime Commission (FMC) to work more closely together. Speaking at the Journal of Commerce 's Port Productivity Seminar in Newark, N.J., on Tuesday, Newsome said he was hopeful the P3 agreement would be approved in some form or fashion, but said ports that are in close proximity may file cooperation agreements with the FMC to create "a reasonable countervailing power." Elaborating in a brief interview, Newsome said he did not have a specific proposal, but noted that ports can file cooperative agreements wi...